UK’s social housing investment lift won’t help house builders

From Dow Jones: The U.K. government’s plan to treble investment in social housing to GBP2.1 billion in the next two years was welcomed by housing associations Monday, but analysts said it wouldn’t help the U.K.’s housebuilders, who remain in the doldrums following the collapse in U.K. house prices.

U.K. Prime Minister Gordon Brown Monday said the government will treble its investment in so-called social housing, to GBP2.1 billion from GBP600 million, enough to create 110,000 new affordable houses……..Full Article (Subscription Required) : Source